The 7 best credit cards for business owners

The QuickBooks Guy

The QuickBooks Guy, LLC was started by James Wegener after years of working as a bookkeeper and accounting manager. Early in his career, James saw how often business owners were left with errors, missing records, or QuickBooks setups that didn’t work. Those mistakes cost people money, time, and peace of mind.

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Navigating the world of business credit cards can be daunting for entrepreneurs. The right credit card can offer significant benefits, from managing cash flow to earning rewards and building credit. With so many options available, choosing a card that aligns with your business needs and financial goals is crucial. To help streamline your decision-making process, we’ve compiled a list of the seven best credit cards for business owners, highlighting their unique features and advantages.

1. Chase Ink Business Preferred® Credit Card

Key Features:

  • Sign-Up Bonus: Earn 100,000 points after spending $15,000 in the first 3 months.
  • Rewards Rate: 3x points on the first $150,000 spent on travel and select business categories each year, 1x points on all other purchases.
  • Annual Fee: $95
  • Other Perks: Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards. Includes trip cancellation insurance, primary rental car insurance, and cell phone protection.

The Chase Ink Business Preferred® Credit Card is a favorite among business owners for its generous rewards structure and valuable sign-up bonus. The 3x points on travel and select business categories can lead to substantial earnings if these categories align with your business expenses. Additionally, the points’ enhanced value when redeemed for travel through Chase Ultimate Rewards makes this card a strong contender for businesses that frequently travel.

2. American Express Business Gold Card

Key Features:

  • Sign-Up Bonus: Earn 70,000 Membership Rewards® Points after spending $10,000 in the first 3 months.
  • Rewards Rate: 4x points on the 2 categories where your business spends the most each month (on up to $150,000 in combined purchases per year), 3x points on flights booked directly with airlines, 1x points on other purchases.
  • Annual Fee: $295 (Terms Apply)
  • Other Perks: No foreign transaction fees, flexible payment options, and valuable travel protections.

The American Express Business Gold Card is tailored for businesses with varied spending patterns. Its dynamic rewards structure allows you to earn 4x points in categories where your business spends the most, making it a versatile option. The generous sign-up bonus and extensive travel protections further enhance its value for businesses prioritizing flexibility and travel rewards.

3. Capital One Spark Cash for Business

Key Features:

  • Sign-Up Bonus: Earn $500 after spending $4,500 in the first 3 months.
  • Rewards Rate: 2% cash back on every purchase.
  • Annual Fee: $0 for the first year, then $95
  • Other Perks: Unlimited cash back, no foreign transaction fees, and travel accident insurance.

If simplicity is key for your business, the Capital One Spark Cash for Business provides a straightforward cash-back rewards program with no rotating categories to track. The 2% cash back on every purchase is a significant advantage for businesses looking for an easy way to earn rewards without worrying about category spending limits.

4. Ink Business Unlimited® Credit Card

Key Features:

  • Sign-Up Bonus: Earn $900 bonus cash back after spending $6,000 in the first 3 months.
  • Rewards Rate: 1.5% cash back on every purchase.
  • Annual Fee: $0
  • Other Perks: No foreign transaction fees, employee cards at no additional cost, and purchase protection.

The Ink Business Unlimited® Credit Card is ideal for businesses seeking a no-annual-fee card with a solid cash back rate. The 1.5% cash back on all purchases simplifies earning rewards without the need to track spending categories. The generous sign-up bonus further sweetens the deal, making it an excellent choice for businesses of all sizes.

5. American Express Blue Business Cash™ Card

Key Features:

  • Sign-Up Bonus: Earn a $250 statement credit after spending $3,000 in the first 3 months.
  • Rewards Rate: 2% cash back on up to $50,000 in purchases per year (then 1%), 1% on other purchases.
  • Annual Fee: $0
  • Other Perks: No foreign transaction fees, expanded buying power, and purchase protection.

The American Express Blue Business Cash™ Card is perfect for businesses that prefer cash-back rewards with no annual fee. The 2% cash back on the first $50,000 in purchases each year provides significant reward potential. Additionally, the card’s expanded buying power and purchase protection offer added flexibility and security for your business expenses.

6. Bank of America® Business Advantage Travel Rewards World Mastercard®

Key Features:

  • Sign-Up Bonus: Earn 30,000 online bonus points after making at least $3,000 in net purchases in the first 90 days of account opening.
  • Rewards Rate: 3x points on travel purchases, 2x on dining purchases, 1.5x points on all other purchases.
  • Annual Fee: $0
  • Other Perks: No foreign transaction fees, travel insurance, and access to travel and emergency assistance services.

For businesses with substantial travel expenses, the Bank of America® Business Advantage Travel Rewards World Mastercard® offers excellent rewards on travel and dining. The no annual fee and lack of foreign transaction fees make it an attractive option for international business travelers. The sign-up bonus and ongoing rewards rate are advantageous for frequent travelers seeking to maximize their benefits.

7. Wells Fargo Business Platinum Credit Card

Key Features:

  • Sign-Up Bonus: Earn a $300 cash-back bonus after spending $3,000 in the first 3 months.
  • Rewards Rate: 1.5% cash back on every purchase.
  • Annual Fee: $0
  • Other Perks: No foreign transaction fees, access to Wells Fargo’s expense management tools, and cell phone protection.

The Wells Fargo Business Platinum Credit Card offers a simple yet effective rewards structure with 1.5% cash back on all purchases. The $300 cash-back bonus and no annual fee add to its appeal, making it a strong choice for businesses looking for straightforward rewards and useful expense management tools.

Conclusion

Selecting the right credit card for your business involves evaluating your spending habits, travel needs, and preferred rewards structure. The seven credit cards highlighted above offer a range of benefits, from generous sign-up bonuses to valuable cash back and travel rewards. Whether you prioritize cash back simplicity or travel perks, there’s a credit card tailored to meet your business’s unique needs. Evaluate each option carefully to find the best fit for your financial strategy and watch how the right credit card can enhance your business operations and rewards.

By making an informed choice, you can leverage the benefits of these credit cards to drive your business’s success and financial health.

About The Author

Are you learning to navigate Quickbooks but need a little help? James Wegener, the CEO of The QuickBooks Guy, LLC, is here to guide you every step of the way. With over 20 years of experience in bookkeeping and a deep understanding of financial software solutions, James is the go-to expert for those seeking to optimize their financial operations.

Don’t let bookkeeping challenges hold you back any longer. Reach out today at 678-923-5904 or drop an email to TheQuickBooksGuy@gmail.com.

It’s time to get your books done right!

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